Trupanion (NASDAQ: TRUP) COO nets stock from RSU vesting, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRUPANION, INC. Chief Operating Officer John R. Gallagher reported routine equity compensation activity involving restricted stock units that vested and converted into common stock. On February 25, 2026, RSUs converted into common shares on a one-for-one basis at no exercise price.
Gallagher acquired common stock through derivative exercises and had a portion of the newly vested shares withheld by the company to cover income tax obligations at a price of $26.70 per share, which the footnotes clarify does not represent an open-market sale. After these transactions, he directly held 37,670 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,260 shares exercised/converted
Mixed
12 txns
Insider
GALLAGHER JOHN R
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 735 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 29 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 451 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 45 | $0.00 | -- |
| Exercise | Common Stock | 735 | $0.00 | -- |
| Tax Withholding | Common Stock | 178 | $26.70 | $5K |
| Exercise | Common Stock | 29 | $0.00 | -- |
| Tax Withholding | Common Stock | 7 | $26.70 | $186.90 |
| Exercise | Common Stock | 451 | $0.00 | -- |
| Tax Withholding | Common Stock | 109 | $26.70 | $3K |
| Exercise | Common Stock | 45 | $0.00 | -- |
| Tax Withholding | Common Stock | 10 | $26.70 | $267.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct);
Common Stock — 37,449 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. This Form 4 discloses the shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units, and does not represent a sale by the reporting person. On February 28, 2022, the reporting person was granted 11,752 restricted stock units (RSUs). The RSUs vested and converted into common stock of the Issuer as to 1/4th of the total shares on February 25, 2023, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date. The RSUs convert into common stock on a one-for-one basis. On May 15, 2023, the reporting person was granted 460 restricted stock units (RSUs). The RSUs vested and converted into common stock of the Issuer as to 1/4th of the total shares on May 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date. On August 14, 2023, the reporting person was granted 7,223 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date. On August 14, 2023, the reporting person was granted 721 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
FAQ
What insider transactions did TRUP COO John R. Gallagher report?
John R. Gallagher reported RSU vesting that converted into common stock and related share withholdings for taxes. The activity reflects equity compensation mechanics, with RSUs settling one-for-one into Trupanion common shares rather than discretionary market purchases or sales.